Conroy Gold & Natural Resources Plc Gold Bearing Quartz Breccia Zone Extended
June 05 2023 - 1:00AM
UK Regulatory
TIDMCGNR
5 June 2023
Conroy Gold and Natural Resources plc
("Conroy" or "the Company")
GOLD BEARING QUARTZ BRECCIA ZONE EXTENDED
* Quartz Breccia bedrock extended by over 100m to the North East
* Significant gold assay results recorded in 5 metres of samples including
1.0m @ 6.5g/t gold
* Visible native gold observed in new area
Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
assay results from bedrock channel samples at its Mines Royal (Newtownhamilton)
option area in County Armagh, Northern Ireland. The quartz bedrock has been
extended to the North East by over 100 metres. Significant gold assay results
included a gold intersection of 1.0m at 6.5 g/t gold. Visible native gold was
also observed. The programme is being carried out in conjunction with the
Company's joint venture partner, Demir Export A.?.
The channel sampling was conducted over a bedrock exposure of quartz breccia
identified over 100m to the North East of the recent gold discovery, where
samples of the quartz breccia returned values up to 123.0g/t (announced by the
Company on 22 February 2023).
An eighteen metre length exposure of quartz breccia was identified and
interpreted as a continuation of the structure identified previously in outcrop
and trenching. Channel sampling consisting of one metre length samples was
conducted over this exposure.
Significant results returned from the channel sampling programme:
* 1.0m @ 6.5 g/t Au
* 1.0m @ 2.3 g/t Au
* 1.0m @ 1.1 g/t Au
* 1.0m @ 0.7 g/t Au
* 1.0m @ 0.3 g/t Au
(Only intercepts of 0.3 g/t Au or greater are presented)
In addition, a channel sample collected from a nearby fault gouge returned 1.7
g/t gold.
This sampling programme, combined with the results from the previous trenching
programme (announced by the Company on 15 May 2023), has extended the strike of
the gold bearing quartz breccia zone to over 135m in length.
This release has been approved by EurGeol Andrew Murrells PGeo, who is a member
of the Company's technical staff and holds a BSc in Geology, in accordance with
the guidance note for Mining, Oil & Gas Companies issued by the London Stock
Exchange in respect of AIM Companies, which outlines standards of disclosure
for mineral projects.
Professor Richard Conroy, Chairman, commented:
"I am delighted to see further evidence of gold prospectivity in this newly
discovered gold area on the joint venture's Mines Royal (Newtownhamilton)
option area."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Tel: +44-20-3328-5656
Allenby Capital Limited (Nomad)
Nick Athanas/Nick Harriss
First Equity Limited (Broker) Tel: +44-20-7330-1883
Jason Robertson
Lothbury Financial Services Tel: +44-20-3290-0707
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
END
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